Risk mitigation is something that is and will almost always be a key priority for a CPO. You only have to look at the last few months to get a sense of why that's true now, and will only become more important this year.
While the full-effects of President Obama’s re-election on CPOs and their procurement functions will become clear over the coming weeks and months, one outcome we have already seen that will have raised a few eyebrows, is a bounce in the commodity markets.
This week saw a slew of examples of bad press for suppliers in various industries with international governments raising concerns about Chinese telecom companies while some multinationals rejected an agreement to pay small- and medium-sized suppliers on time.
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